Fotowatio Renewable Ventures (FRV) has closed the financing agreement for the 115 MWac Metz Solar Farm. The funding is provided by Westpac and NORD/LB in the form of a Green Loan compliant with the Loan Market Association Green Loan Principles and the Green Projects requirements.
FRV completed the acquisition of the project in November 2020. The project is underpinned by a Power Purchase Agreement (PPA) with Snowy Hydro, signed in 2018.
Located in the New England region of New South Wales near Hillgrove, 20 km east of Armidale, the plant will connect to the national grid and generate enough power to supply up to 40,000 Australian households each year; more than half of the total 66,000 households in the region. At the same time, it is estimated that the annual greenhouse gas emissions avoided by the project will be 288,000 tonnes of CO2equivalent.
Country updates
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January 05, 2021
SA Water deploys world’s largest moveable solar site in Adelaide
The world’s largest fully moveable, single-location solar array is now taking shape at Adelaide’s Happy Valley Reservoir as part of an ambitious renewable energy initiative by SA Water to...
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December 21, 2020
J-Power, Genex Power to build 150 MW wind project in Queensland
Japan’s Electric Power Development Co Ltd (J-Power) is partnering with Genex Power Ltd to build a 150 MW wind project that forms part of a renewable energy hub in Queensland, Australia.&nbs...
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December 21, 2020
Horizon Power plans hydrogen demo plant in Western Australia
Horizon Power is helping lead Australia’s energy transition with a move towards greater adoption of renewable energy through a commitment to build Australia’s first renewable hydrogen demo...
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December 18, 2020
New South Wales approves development of 80 MWp Tamworth Solar Farm
The New South Wales government has given its approval for the development of an 80 MWp solar farm with battery storage near Somerton, approximately 25km West of Tamworth. The proposed site is in an ar...
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December 18, 2020
NSW approves development of 200 MW Bonshaw solar project
The Independent Planning Commission of the State of New South Wales has approved the development of the 200 MW solar photovoltaic project that is proposed by GAIA Australia Pty Ltd. NSW's Depart...
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